3510 Peachtree Pkwy, Suwanee, GA 30024-1031

Property Details for 3510 Peachtree Pkwy

Year built

1997

Lot size

1.17 lot acres

Zone code

CBD

Property type

Auto shops

APN

139 051

APU

139051

Description

This exceptional Class A retail property in Suwanee, GA, offers a compelling investment opportunity. Located at 3510 Peachtree Pkwy, this 4,150 square foot building sits on a 1-2 acre lot and boasts a 7.25% cap rate with a strong NOI of $174,096. The property features a single tenant, Mavis Discount Tires (formerly Kauffman Tire), under an absolute NNN lease with 2.9 years remaining on a 30.1-year term commencing September 16, 1997, and expiring September 30, 2027. The tenant is one of the most recognizable and profitable tire discount retailers in the US, providing a high degree of security and stability. The building itself is a four-sided brick construction, strategically located along a high-traffic thoroughfare (Peachtree Parkway) with over 45,000 cars per day, ensuring excellent visibility and accessibility. The property benefits from strong demographics, situated within 3 miles of 70,000 residents with an average household income of $200,000. This presents a rare opportunity in the highly desirable Suwanee market, characterized by low vacancy and a high barrier to entry. The asking price is $2,401,324, translating to a price per square foot of $578.63. This is a fee simple ownership with no ground lease and presents an excellent real estate and covered land play with potential for future upside.

Location Insight

City

Suwanee

County

Forsyth

State

Georgia

Longitude

-84.1643

Latitude

34.0767

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments